If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that marginal revenue exceeds marginal cost. marginal cost exceeds marginal revenue. total cost exceeds total revenue. None of the above is correct. Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp." Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue i $4,000. The marginal cost of pony camp is $100 per child. In order to maximize profits, Robin should give riding lessons to more than 20 children per month. give riding lessons to fewer than 20 children per month. continue to give riding lessons to 20 children per month. We do not have enough information to answer the